Mens Dressing Gowns Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08872177

Mens Dressing Gowns Ltd

Filleted Unaudited Financial Statements

31 March 2025

Mens Dressing Gowns Ltd

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6		98	498

Current assets

Stocks		323,383	288,283
Debtors	7	16,944	14,728
Cash at bank and in hand		403,269	408,672
		---------	---------
		743,596	711,683

Creditors: amounts falling due within one year	8	86,714		65,402
		---------		---------
Net current assets			656,882	646,281
			---------	---------
Total assets less current liabilities			656,980	646,779

Provisions	9	24	122
		---------	---------
Net assets		656,956	646,657
		---------	---------

Mens Dressing Gowns Ltd

Statement of Financial Position (continued)

31 March 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	10	100	100
Profit and loss account	11	656,856	646,557
		---------	---------
Shareholder funds		656,956	646,657
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

Mr C J Spiers
Director

Company registration number: 08872177

Mens Dressing Gowns Ltd

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Geufron, Southgate, Aberystwyth, Ceredigion, SY23 3RY, Wales.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a small entity as defined in FRS102 and section 382 of the Companies Act 2006 and has taken advantage of the disclosure exemptions available under paragraph 1A.7 of FRS102.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Website	-	33% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Computer Equipment	-	33% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Intangible assets

	Development costs
	£
Cost
At 1 April 2024 and 31 March 2025	4,053
	-------
Amortisation
At 1 April 2024 and 31 March 2025	4,053
	-------
Carrying amount
At 31 March 2025	–
	-------
At 31 March 2024	–
	-------

6. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 April 2024	3,733	3,733
Disposals	( 1,839)	( 1,839)
	-------	-------
At 31 March 2025	1,894	1,894
	-------	-------
Depreciation
At 1 April 2024	3,235	3,235
Charge for the year	400	400
Disposals	( 1,839)	( 1,839)
	-------	-------
At 31 March 2025	1,796	1,796
	-------	-------
Carrying amount
At 31 March 2025	98	98
	-------	-------
At 31 March 2024	498	498
	-------	-------

7. Debtors

	2025	2024
	£	£
Trade debtors	–	2,735
Prepayments and accrued income	10,924	11,993
Other debtors	6,020	–
	--------	--------
	16,944	14,728
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	20,067	819
Accruals and deferred income	4,893	11,858
Corporation tax	40,264	47,083
Social security and other taxes	–	5,373
Director loan accounts	20,195	269
Other creditors	1,295	–
	--------	--------
	86,714	65,402
	--------	--------

9. Provisions

	Deferred tax
	£
At 1 April 2024	122
Additions	( 98)
	----
At 31 March 2025	24
	----

10. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

11. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses.

12. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr C J Spiers	( 269)	74	( 20,000)	( 20,195)
	----	----	--------	--------

	2024
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr C J Spiers	( 551)	282	–	( 269)
	----	----	----	----